Heena Sharma Blog

After RBI allowed commercial banks to provide their customers a moratorium of three months for repayment of term loans, public sector banks have sprung into action. Public sector banks have informed their customers about deferment of EMIs and interest dues to help soften the blow due the coronavirus crisis . The deferment may come at a price though. The country's largest lender State Bank of India on Wednesday warned borrowers that deferment of equated monthly instalments (EMIs) offered under the RBI's relief package on account of COVID-19 could put an additional cost on them. The lender also advised borrowers to repay their loans if they are in a position to do the same. SBI said on its website that deferring the EMIs for a home loan of Rs 30 lakhs with a remaining maturity of 15 years, the net additional interest would be approximately Rs 2.34 lakhs, which is equal to eight EMIs. In other words, if customers defers three EMIs then they will end up paying 8 EMIs more

Domestic e-commerce platform Flipkart is currently hosting a four-day sale of smartphones where the portal is offering deals and discounts on mobile phones from the stable of Asus, Samsung, Xiaomi, Apple, Realme, Honor, Nokia, etc. During the sale, the online shopping platform is also offering 10 per cent instant discount on SBI credit cards, subject to terms and conditions. The midrange smartphone from the stable of Chinese smartphone manufacturer Realme is currently available with Rs 1,000 instant off on prepaid payments, bringing down the effective cost of 4GB RAM and 64GB storage variant to Rs 12,990. The phone is also eligible for 10 per cent instant discount on SBI credit cards.  The recently launched Redmi Note 6 Pro smartphone with dual camera module on the back and front is currently available on the e-commerce platform at Rs 13,999 for 4GB RAM and 64GB internal storage variant. The phone is eligible for 10 per cent instant discount offer on SBI credit card. It

Snapdeal has announced its ' Mega Diwali Sale ' , from 10- 14 October. Snapdeal's Diwali Sale is built around offering great value on products,  which are traditionally a part of annual Diwali shopping by families across the country. In recent months, Snapdeal has seen massive growth in business from both existing and new buyers, with nearly 80% of the new buyers coming from smaller cities across the country. "The offers and selection in the Snapdeal Mega Diwali Sale are built on basis of an analysis of user purchase patterns over the past many festive seasons. We want our users to fulfil their entire Diwali shopping list, without being troubled by budgets now or EMIs later," said Snapdeal. The special Diwali selection offers great discounts up to 50 per cent on household items and appliances for the kitchen including microwaves, juicer mixers, gas stoves, cookers, glassware, dinner sets and more. No Diwali shopping list is complete without

The messaging app will partner HDFC Bank, ICICI Bank and Axis Bank to process the transfers, and State Bank of India will join once it has the necessary systems in place Technology News : Facebook   is set to offer its   WhatsApp   payment services to the whole of India as early as next week in an attempt to win market share, even though its partners aren’t all ready, said people familiar with the matter. The messaging app will partner HDFC Bank,   ICICI Bank and   Axis Bank   to process the transfers, and State Bank of India will join once it has the necessary systems in place, the people said.   Facebook   was aiming for a full rollout with four partners but decided to go ahead with just three as its rivals were racing ahead, the people said, asking not to be named as the information isn’t public. The entry of   Whats app   into India’s payments space has been likened to We Chat, which reshaped payments in China when it expanded beyond messaging. The pilot ver